The local government could not prove it owned all its reported property because important papers were missing for several vehicles and a land purchase.

Why It Matters

Recommended Actions

• Require the (a) General Services Office (GSO) Officer to facilitate the registration and transfer of ownership of 11 motor vehicles in the name of the Municipality
• And (b) MA to (i) record in the books the unrec orded transportation equipment funded by TF
• And (ii) in coordination with GSO Officer to submit the lacking requisite documents on the purchase of a parcel of land.

Original Audit Finding Excerpt

"The Municipality's assertions on the accuracy and ownership of the reported carrying value of PPE accounts totaling P537,202,494.70 were not establisheddue to the absence of OR/CR in the name of the Municipality for 11 motor vehicles recognized in the books and an unrecognized motor vehicle in the books. Moreover, documentary deficiencies were noted in the purchase of a parcel of land valued at P1,650,000.00 contrary to COA Circular No. 2012-001 dated June 14, 2012 and Section 39 of PD No. 1445"

Source Document